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BREAKING: Sports Direct Acquire Jack Wills

UK high street retailer Sports Direct has confirmed the acquisition of clothing retailer Jack Wills, in a deal worth £12,750,000.

As speculated earlier in the day, Mike Ashley’s firm announced the purchase on the Stock Exchange moments ago. The deal includes all of the UK and Republic of Ireland stores and stock and the international Jack Wills brand.

For the year ended 28th January 2018, Jack Wills had gross assets of £98,965,000 and made an operating loss (before exceptional items) of £14,232,000 and a net profit (after exceptional items) of £19,206,000.

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